According to a new analysis from MakroVision, Solana’s price currently faces a critical juncture that could determine whether the next move will be upward or downward. A technical study reveals the token is forming a triangle pattern, often signaling significant price volatility. 🎯 The analysis highlights that SOL has stabilized near the 0.5 Fibonacci retracement level – a point considered to reflect balance between bullish and bearish forces. 📈 MakroVision’s market review underscores the potential for Solana to break out of its recent consolidation phase, with analysts suggesting this breakout could signal renewed bullish momentum and potentially propel SOL towards $223 as the next major resistance zone. ⬆️ However, they also warn that a move below $177 could trigger another wave of selling pressure, pushing SOL toward support levels around $159. 📉 A decisive break above $204 would be crucial in defining Solana’s medium-term outlook. This breakout, analysts believe, signals successful market reset after the sharp corrections earlier in October and could even open doors for a broader recovery trend. 📈 While uncertainty prevails as trading volumes remain flat, MakroVision emphasizes that the upcoming move will definitively shape Solana’s path in the remainder of the quarter. ⏳ If SOL holds support near $177 and breaks through $204, the upside potential remains strong; however, losing this support could extend the correction and delay any recovery until November. 🤔 For now, the market awaits a decisive breakout, leaving traders to wonder: will Solana’s next move signify a surge towards new highs or another test of support?